Real Estate Inverlad Acquires 2.35 Acre Development Site In Melbourne From Zilber Limited For $5.45M
SOLD
$5,450,000
Florida
See Similar DealsDevelopment Site
Sold 06/02/2022
SOLD
Real Estate Inverlad Acquires 2.35 Acre Development Site In Melbourne From Zilber Limited For $5.45M
Melbourne, Florida, United States
See Similar DealsDevelopment Site
Sold 06/02/2022
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
The Development Site located in Melbourne, spanning over 2.35 acres, has been sold in a recent transaction. The buyer, Real Estate Inverlad, acquired the property from the seller, Zilber Limited. The deal was facilitated by Jay Ballard and Ken Delvillar from JLL. The sale price for the property was $5,450,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,450,000
- Market: Melbourne
- Asset Type: Development Site
- Size: 2.35 acres
This transaction involved Real Estate Inverlad as the buyer and Zilber Limited as the seller. Jay Ballard and Ken Delvillar, representing JLL, were responsible for facilitating the deal. The property, located in Melbourne, was sold for a price of $5,450,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$290,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,362.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,835.78
Annual Debt Service$310,029.37
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